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Hao Wen Holdings expects loss for FY'18

Hong Kong-based Hao Wen Holdings Ltd. expects to record a consolidated loss for the fiscal year ended Dec. 31, 2018.

The company said the loss was mainly attributable to provisions for impairment loss of receivables and impairment loss on interest in associates.

For the year ended Dec. 31, 2017, Hoa Wen Holdings reported a loss attributable to owners of approximately 61 million Chinese yuan.

As of March 20, US$1 was equivalent to 6.69 Chinese yuan.